National Australia Bank’s mortgage rate hikes have helped the lender lift third- quarter cash profit five per cent to $1.7 billion. NAB on Friday said revenue for the three months to June 30 rose two per cent, helped by a higher net interest margin resulting from loan repricing and what it said were more favourable…
First we had the ‘Single Ladies’ of Chadstone Bowls Club. Now another prominent lawn bowls club is in crisis. In 2012, the Kew Heights Sports Club was in deep trouble with “considerable” debts and ageing facilities. The MCC once wanted the MCC Kew Sports Club to be a ‘real home away from the ‘G for members’. To the…
HONG KONG, Aug. 10, 2017 (GLOBE NEWSWIRE) — Sino Green Land Corp (OTCQB:SGLA) (the “Company” or “SGLA”), today announced a series of senior management appointments to more effectively manage the business and drive global growth. Mr Xiong Luo was resigned the Company’s President, CEO and director. Mr Tsang Shui Sang was appointed as…
The directors of fundraising technology and CRM consultancy Purple Vision have confirmed that the organisation will go be placed in voluntary liquidation. In a statement on its website it that Purple Vision ceased trading on 31 July 2017, and that a voluntary liquidation process will commence as soon as possible. The statement also said that, ceasing to…
ICICI Lombard, HDFC Ergo, New India Assurance and National Insurance are among the insurers who will offer a tailored insurance cover soon for insolvency professionals as the new breed of executives stare at multiple risks from charges of sabotage to negligence. While there are broad indemnity covers, these are available only for a company’s top…
When AFR Weekend sat down to break bread with one of the country’s leading corporate undertakers, there was bound to be some discussion of the thousands of people he had sacked. Steve Sherman, who retired soon after our lunch, had been with insolvency firm Ferrier Hodgson for 31 years. He has lost count of the…